Capita (LON:CPI) Coverage Initiated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has initiated coverage on Capita (LON:CPI) with a "buy" rating and a price target of GBX 900, suggesting a potential upside of 170.68% from the current stock price.
• The stock currently holds a consensus rating of "Moderate Buy" among analysts, with a consensus price target of GBX 652.50.
• Capita shares increased by 3.4% recently, and the company reported a quarterly earnings per share (EPS) of GBX 21.63 along with negative financial metrics, including a 28.00% return on equity.

Research analysts at Canaccord Genuity Group assumed coverage on shares of Capita (LON:CPI - Get Free Report) in a note issued to investors on Monday,Digital Look reports. The brokerage set a "buy" rating and a GBX 900 price target on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 170.68% from the company's current price.

A number of other research firms have also issued reports on CPI. Shore Capital reaffirmed a "hold" rating on shares of Capita in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Capita from GBX 375 to GBX 405 and gave the stock a "buy" rating in a report on Friday, July 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 652.50.

Capita Stock Up 3.4%

Shares of LON:CPI opened at GBX 332.50 on Monday. The stock has a 50-day simple moving average of GBX 260.18 and a 200-day simple moving average of GBX 205.08. The stock has a market capitalization of £378.22 million, a P/E ratio of 2,452.06, a PEG ratio of 0.18 and a beta of 1.95. The company has a debt-to-equity ratio of 291.56, a quick ratio of 0.53 and a current ratio of 0.53. Capita has a 1 year low of GBX 168 and a 1 year high of GBX 358.50.

Capita (LON:CPI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported GBX 21.63 earnings per share (EPS) for the quarter. Capita had a negative return on equity of 28.00% and a negative net margin of 1.64%.

Insider Transactions at Capita

In other Capita news, insider Jack Clarke bought 5,165 shares of the stock in a transaction on Monday, September 15th. The shares were purchased at an average price of GBX 260 per share, with a total value of £13,429. 13.40% of the stock is owned by company insiders.

About Capita

Capita is a modern outsourcer, helping clients across the public and private sectors run complex business processes more efficiently, creating better consumer experiences. Operating across 8 countries, Capita's colleagues support primarily UK and European clients with people-based services underpinned by market-leading technology.

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